ARMY & NAVY: Swap

Ambassador Joe Kennedy, for the U.
S., President Oliver Frederick George Stanley of the Board of Trade,
for Great Britain, last week signed in London a swap of raw materials
which both parties insisted was totally different from the Dictators'
market-ruining barter deals in that the U. S. British materials would be
stored off the market for seven years, used by the Governments during
that time only in case of war. The U. S. got 85,000 tons of rubber,
about one-fifth of a peace year's consumption. Britain got 600,000
bales of cotton, almost half as much as she now buys...